Ten Years After: What is Special about Transition Countries?
AbstractMost countries commonly classified as 'in transition' are st ill recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in schooling. However, in terms of the 'software' necessary for a market economy, two groups emerge: the countries that are candidates for EU membership seem to have partly completed the transition. By contrast, the countries from the former Soviet Union that form the CIS and the South-eastern European (SEE) countries, are still largely lagging behind in terms of the enforcement of property rights and the development of financial markets.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 327.
Date of creation: 2000
Date of revision:
Transition economies; development level;
Other versions of this item:
- Daniel Gros & Marc Suhrcke, 2000. "Ten years after: what is special about transition countries?," Working Papers 56, European Bank for Reconstruction and Development, Office of the Chief Economist.
- Gros, Daniel & Suhrcke, Marc, 2000. "Ten years after : what is special about transition countries?," HWWA Discussion Papers 86, Hamburg Institute of International Economics (HWWA).
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
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